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DraftKings Colorado Promo Code - Bet $5, Get $200 in Bonus Bets

Written by: Loren Oller
Fact-checked by: James Whitelock
Updated January 19, 2024
11 min read

DraftKings, widely recognized among sports enthusiasts in the United States as one of the top books in the country, launched in Colorado on May 1, 2020. For those new to Colorado's platform, there's a great welcome offer: Bet $5 and receive a $200 in bonus bets and there's no promo code necessary. On top of that, several promotions are in place for regular members, including regular special offers that change depending on whatever is happening in the world of sports.

This page offers a clear overview of DraftKings Colorado, covering aspects from bonuses and promos to registration, betting options, and transactions. Consider it the definitive guide for anyone thinking of signing up to DraftKings in Colorado.

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Get a No Sweat First Bet up to $1,500 in Bonus Bets

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DraftKings Colorado Promo Overview

🎁 DraftKings Colorado Promo CodeNo code necessary - Use our exclusive link 
💰 DraftKings Colorado Sign-Up OfferBet $5, Get $200 in Bonus Bets
💳 Banking Options at DraftKings Colorado- Apple Pay
- Bank Wire Transfer
- Cash at Cage
- Cash at Retail Stores
- Debit Cards
- Online Banking
- PayPal
- Play+ Prepaid Card
- Venmo
- VIP preferred (e-check)
💲 Minimum Deposit$5
⭐ DraftKings WSN Rating4.8/5
📱 DraftKings Colorado iOS App Rating4.8/5 (583.1K reviews)
📱 DraftKings Colorado Android App Rating4.7/5 (105K reviews)
✅ Last VerifiedOctober 2023
DraftKings Colorado Promo

DraftKings Colorado Welcome Offer

If you're considering DraftKings in Colorado, there’s a great welcome bonus waiting for you with no promo code required. All you need to do is deposit $5, place a qualifying bet of $5 or more on any sport, and you'll receive a $200 bonus

This bonus is split into eight separate $25 Bonus Bets and arrives in your account immediately, regardless of the outcome of your original bet. There are some terms and conditions attached, too. You need to use the Bonus Bets within seven days. if you do win with one of them, you'll get the profit, but the base $25 won't be returned.

Overall, it’s a really good offer. The fact that you just need to spend $5 to activate the bonus makes it very friendly to smaller stakes players, and the $200 total value makes it worth it for just about everyone. 

How to Claim Your Bonus at DraftKings Colorado

Getting started with DraftKings Colorado’s sign-up offer is straightforward, even if you're new to the sports betting scene. To access this deal, follow these steps:

  1. Sign Up: Signing up with DraftKings Colorado is very simple, and you can click on our registration link here to get started. Just enter some personal details, verify your identity, and you are good to go. All the info gathered by DraftKings CO is mandated by the Colorado Limited Gaming Control Commission.

  2. Add Funds: After setting up your account, new DraftKings Colorado users should deposit a minimum of $5. We cover the various ways to deposit money further down this page.

  3. Place Your Bet: Place your bet of $5 or more on any sports event.

  4. Bonus Activated: Win or not, DraftKings gives you $200 in Bonus Bets ready to use immediately. That’s on top of any potential cash earnings from your qualifying bet. 

Using Bonus Bets is easy too. You just need to add your selections to the betslip like you would for a regular bet, and select the Apply Bonus option before you confirm. 

More DraftKings Promos Available in Colorado

While DraftKings Colorado might be known as one of the best sportsbooks with generous welcome offer, the platform boasts several other promotions to cater to diverse user preferences.

First Deposit Bonus up to $1,000

This is actually an additional part of the welcome bonus offered by Colorado DraftKings. Your first deposit is eligible to receive a 20% boost, with $1,000 the most you get from this offer. The bonus comes in the form of DK Dollars, which is like the special bonus currency at DraftKings that can be used for sports bets and other features. It gets released at a rate of one DK Dollar per $25 wagered.

All in all, while a good offer, the wagering requirements combined with a relatively small boost (of 20%) mean that this offer is definitely more valuable for people comfortably spending a fair amount of time and money betting. 

DraftKings Refer-a-Friend

DraftKings offers a referral program. If a user invites a friend to join via their unique registration link, who then deposits at least $25, both the user and the friend receive a $25 bonus. The maximum bonus one can receive from referrals is $100. This is a solid offer that is basically a win-win for you and your friend.

DraftKings Loyalty Points

DraftKings has a loyalty program called Dynasty Rewards. Users can earn 'crowns' as they place bets on DraftKings. For every $2 bet, a user gets one crown. Collecting these crowns can offer various benefits on the platform, including betting bonuses, exclusive invitations and real-life swag and holidays.

NFL Prediction Game

DraftKings has a feature where users can predict scores for NFL games during the season. Participants need to make predictions for at least five games each week. Correct predictions lead to prizes.

No Sweat Bets and Profit Boosts

These are two examples of the type of on-running promotions that change up pretty much every week. With a No Sweat Bet, you get your money back when you place a bet on a certain market, in the form of a Bonus Bet up to a specific value. Profit Boosts are when DraftKings offers enhanced odds, often when you add a certain number of selections to a parlay or same-game parlay.

We recommend checking out the Promos section to see the latest offers. 

What We Like About DraftKings Colorado

Since its launch in 2020, DraftKings Colorado has become a popular choice for many bettors. From its user-friendly platform to attractive promotions, there's a lot to be impressed by. Further on we'll break down the highlights, but you can always check our in-depth DraftKings review here.

An App That Works for You

User experience is key with the DraftKings Colorado app. It's designed for everyone, from those taking their first betting steps to seasoned pros. Clear menus and easy navigation mean less time searching and more time betting. All that makes it one of the best sportsbook apps according to our reviewer.

Bet Variety and Special Offers

With daily odds boosts and a range of betting specials, there's always something new going on in the Promos section. It’s a great way to offer users some extra value, and also to simply keep excitement high and make the whole thing feel fresh. There are other fun features too: their cash-out feature lets you pull out of certain bets if you get cold feet, for instance.

Warm Welcome for Beginners

Starting something new can be daunting. That's why DraftKings Colorado offers special promo codes for those just beginning their betting journey. The $200 welcome offer is great, and the 20% first deposit boost has the potential to be very valuable too.

Managing Your Finances Made Easy

Money matters shouldn't be complicated. With DraftKings, you have a range of deposit options, from bank cards to PayPal and Venmo. Withdrawing is just as simple, though it's good to remember that, like many places, it might take a couple of days for your winnings to land in your bank account. We’ve got more detail on this in the next section.

Banking Options at DraftKings Colorado

Sports betting in Colorado is watched over by the Colorado Gaming Control Commission. This ensures that DraftKings in Colorado follows specific state rules and prioritizes keeping your transactions safe.

DraftKings Colorado offers various payment options. You can use common methods like PayPal, Play+, Visa, or Mastercard.

To deposit money, click the "Deposit" button at the top-right. Choose your payment method, enter the amount, and follow the provided instructions. Usually, your DraftKings account updates with the new balance quickly.

DraftKings CO has a very user-friendly minimum deposit of just $5: the vast majority of US sportsbooks feature a $10 or $20 minimum. Max limits for deposits and withdrawals vary depending on the chosen method and can be adjusted to help manage your spending. Also, be sure to check out list of fastest payout sportsbooks and see how DraftKings is standing compared to other betting apps.

Deposit Options

  • Apple Pay

  • Bank Wire Transfer 

  • Cash at Cage 

  • Cash at Retail Stores

  • Credit/Debit Cards 

  • DraftKings Gift Cards 

  • Electronic Gift Cards 

  • Online Banking

  • PayPal 

  • Play+ Prepaid Card

  • Venmo

  • VIP Preferred (e-check)

Withdrawal Options

  • Apple Pay

  • Bank Wire Transfer 

  • Cash at Cage 

  • Cash at Retail Stores

  • Debit Cards

  • Online Banking

  • PayPal 

  • Play+ Prepaid Card

  • Venmo

  • VIP preferred

How to Make the Most of DraftKings Promotions in Colorado

Discover the best ways to maximize DraftKings promotions in Colorado with these practical tips. Whether you're new to sports betting or a seasoned player, these strategies will help you make the most of your betting experience while staying responsible and informed.

  • Stay Updated: Keep an eye on DraftKings' website and check your email for the latest offers and bonus codes.

  • Know the Rules: Before joining any promotion, read and understand the terms and conditions. Look for details like the minimum deposit, eligible bets, and wagering requirements.

  • Use Your Bonuses Wisely: Be aware of when promotions expire and use your bonuses before they run out to get the most value.

  • Bet Smart: When using bonuses, consider betting on sports or events you know well and feel confident about to improve your chances of winning. Don’t waste your bonuses.

  • Manage Your Money: Stick to your budget and handle your bankroll carefully. Don't bet more than you can afford to lose, even if you have bonuses.

  • Explore Different Offers: DraftKings Colorado regularly has various promotions including profit boosts, cashback offers, and referral bonuses. Take advantage of these to make your betting experience more exciting.

  • Play Responsibly: Remember that promotions are meant to make sports betting more enjoyable, but it's crucial to do so responsibly. Don't try to recover losses by making risky bets, and always bet within your means.

  • Seek Help if Needed: If you have questions or face any issues with promotions, don't hesitate to contact DraftKings' customer support for assistance. They're there to help you enjoy your betting experience.

DraftKings Colorado Promo Terms and Conditions

While the advertising around betting bonuses can sometimes make it sound like you've just hit the jackpot, there's a bit more to them. When DraftKings Colorado talks about "free bets" or other bonuses, it’s better to think of them more as credits for betting, not money to pocket right away.

What to Know:

  • People who can get the bonus: These offers are exclusively for DraftKings Sportsbook users and participants must be 21+. In the case of the welcome bonus, it’s for new players only.

  • Using the Bonus: Bonuses often come with wagering requirements which mean you need to bet the bonus money a few times before you can cash out any wins.

  • Time Limits: Bonuses have an expiry date. Make sure you use them before they're gone.

  • Bet Types: Some bonuses only work for certain games or bets.

  • Getting the Bonus: For some bonuses, you'll need to deposit a set amount or place a certain bet first, or use a promo code when you sign up

  • Bonus Bets: If you win with a Bonus Bey, you’ll receive the profits but not the value of the bonus amount.

A Few More Tips:

  • Always check the rules, even if the deal looks great.

  • Bonuses are a fun perk but know how they work to avoid surprises.

  • In short, stay informed.

Alternatives to DraftKings in Colorado

Top AlternativesDraftKingsbet365FanDuel
Welcome OfferBet $5, Get $200 in Bonus Bets$1,000 Safety Net Bet OR $150 in Bonus BetsBet $5, Get $150 in Bonus Bets
Promo CodeNo promo code requiredWSN365No promo code required
Our Rating4.8/54.5/54.8/5
iOS App Rating4.84.74.8
Android App Rating4.74.5 4.7 
Banking Options- Apple Pay
- Bank Wire Transfer
- Cash at Cage
- Cash at Retail Stores
- Credit/Debit Cards
- Online Banking
- PayPal
- Play+ Prepaid Card
- Venmo
- VIP preferred 
- Cash at Cage
- Credit/Debit cards
- Online Banking
- PayPal
- Check
- Credit/Debit cards
- Online Banking
- PayNearMe
- PayPal
- Play+
- VIP Preferred e-Check
Min. Deposit$5 $10$10
Online SinceMay 2020 September 2022 May 2020

What Can You Bet On at DraftKings Colorado

DraftKings Colorado presents a variety of betting choices, matching the best sportsbooks in the area. Below, we've detailed the different sports and betting opportunities you can find at DraftKings Colorado. However, keep in mind that these options might vary depending on current events and popular trends among bettors.


  • Baseball (MLB)

  • Basketball (NBA)

  • Boxing

  • Cricket

  • Cycling

  • Darts

  • Football (NFL)

  • Golf

  • Handball

  • Ice Hockey (NHL)

  • MMA (UFC, Bellator)

  • Motor Racing (NASCAR, Formula 1, Bahrain GP)

  • Rugby (League, Union)

  • Soccer (MLS, EPL)

  • Table Tennis

  • Tennis

  • Volleyball

Types of Bets 

  • Moneyline: Choose which team or player wins.

  • Point Spread: Decide if a team will win by a certain number of points.

  • Totals (Over/Under): Guess if the total score will be above or below a set number.

  • Futures: Predict events that will happen later, like who will win a championship.

  • Parlays: A bet combining multiple choices, with multiplied odds.

  • Teasers: A type of parlay where you can adjust the terms slightly.

  • Round Robins: A way to bet on several combinations of teams.

  • Live Betting: Bet while a game is happening.

  • Game Props: predict events about the game, not directly related to the final score.

  • Player Props: predict certain aspects of a player’s performance, like layups or rushing yards. 

Teams to Bet On at DraftKings Colorado

DraftKings has a range of betting options for our local Colorado teams, and the Centennial State isn’t exactly short of teams to bet on. Here is a quick rundown:

Denver Broncos: You can bet on all Broncos games. Additionally, there are futures and props available for the Broncos and the broader NFL. If real-time decisions are your thing, there's live betting for all NFL games.

Denver Nuggets: Betting options are available for every Nuggets game. If you are keen on the NBA, there are futures, props, and live game betting options too.

Colorado Rockies: Baseball fans can bet on each Rockies game. DraftKings also offers futures and props for the Rockies and the MLB, with live betting to ramp up the excitement.

Colorado Avalanche: Hockey enthusiasts have the option to bet on all Avalanche games. There are also futures and prop bets that cover the Avalanche and the entire NHL, plus the thrill of live game betting.

Air Force Falcons: For college sports followers, DraftKings covers both football and basketball games for the Falcons. Futures bets offer a look into the Falcons' NCAA prospects.

Colorado Buffaloes: You can bet on all Buffaloes football and basketball matchups. Futures bets provide insights into the Buffaloes' performance within the wider NCAA.

Colorado State Rams: Every Rams football and basketball game is available for betting, as well as their longer-term prospects in the NCAA season. 

Denver Pioneers: Basketball bets are open for all Denver games, complemented by NCAA futures.

Northern Colorado Bears: You can bet on all basketball games featuring Northern Colorado. 

Colorado Rapids: Soccer fans can bet on all Rapids games. DraftKings offers futures, props, and live in-game betting for the MLS.

DraftKings Colorado Futures Bets

Futures BetDraftKings Odds
Denver Broncos to win the Super Bowl+20000
Denver Nuggets to win the NBA Championship+500
Colorado Avalanche to win the Stanley Cup+800

History of DraftKings in Colorado

Founded in 2012, DraftKings started as a daily fantasy sports platform. Its journey into sports betting began when the U.S. Supreme Court allowed states to legalize sports betting in 2018. Colorado voters approved sports betting in November 2019, and in May 2020 DraftKings was among the first to launch in the state, marking a new era for sports fans and bringing economic benefits to Colorado.

Sports betting in Colorado is overseen by the Colorado Gaming Control Commission. This means Colorado has its own rules for betting, which are different from other states. Anyone over the age of 21 in Colorado can place bets with DraftKings, which partners with Twin River Worldwide Holdings. 

DraftKings Sportsbook presents a variety of betting options on both American and international sports. Unique betting types, such as live in-game betting, Sportsbook Pools, and Teasers have helped DraftKings stand out in the new Colorado betting scene.

Get Ahead in the Game with DraftKings in Colorado 

Since its introduction to the Colorado sports betting landscape in May 2020, DraftKings has rapidly become a favorite for local enthusiasts. Backed by the Colorado Gaming Control Commission, users are guaranteed a secure and well-regulated betting environment.

DraftKings Colorado offers a rich variety of betting options tailored to the preferences of Colorado's sports fans. Their platform, besides being user-friendly, provides diverse banking options, making transactions convenient and safe for residents.

The Promotions and bonuses at DraftKings CO are another highlight. New Coloradans on the platform can easily tap into exciting offers, especially that $200 sign-up bonus. 

To sum up, DraftKings is a great sports betting choice in Colorado. As always, potential users should research and decide based on their own criteria and preferences. If you do decide to give DraftKings CO a shot, click our sign-up links to get started

DraftKings Colorado Promo FAQ

Is there a promo code required for the DraftKings welcome offer in Colorado?

Is DraftKings legal in Colorado?

What's the minimum age for sports betting in Colorado?

Do I need to be a Colorado resident to make a bet?

Am I allowed to bet everywhere in Colorado?

Can I bet in person at DraftKings Colorado?

Can I bet on any team or sport?

How to refer a friend on DraftKings Colorado? 

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Loren Oller

26 Articles

Hailing from Atlanta GA, Loren is a gambling connoisseur and enjoys playing blackjack and other table games with his friends. Although he loves good ol' fashion casino games, he has recently immersed himself in the world of online sweepstakes and has a newfound love for social casinos. 

Loren keeps his finger on the pulse of the online gambling industry. From discovering and reviewing brand-new online casinos to breaking the latest developments in gambling legislation, his commitment to the community can never be questioned.

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